Question

How to count the GDP of a country?Who do this massasive work?

Answer 1

${\huge{\blue{\boxed{HeyMate}}}}$

Hey mate here is your answer ✨✨

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the counting of GDP is a very massive task and to do this there is any responsible Central ministry.

so basically to count GDP of a country the main mechanism is to add all the final goods and services produced in a country from the year the word used final goods and services is very important to apply as while counting the GDP being only have to count the final goods and services if we take the the initial goods and service to there would be a large data which is not at the word at the total production of goods and services in our country is actually produced. the main reason for this is that by counting the final goods and services the price of initial goods is already added and this is how the GDP of a country is count.

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#RadheRadhe

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Answer 2

Answer:

GDP Based on Spending

This approach can be calculated using the following formula: GDP = C + G + I + NX, or (consumption + government spending + investment + net exports). All these activities contribute to the GDP of a country. The U.S. GDP is primarily measured based on the expenditure approach.

Explanation:

Gross Domestic Product (GDP) measures the total value of final goods and services produced within a given country's borders. It is the most popular method of measuring an economy's output and is therefore considered a measure of the size of an economy.